Greece’s Ruling Party Goes to War With Its Own Central Bank

The Greek government sees a lot of enemies in its campaign to reach an eleventh-hour deal on the country’s finances. Including its own central bank.

Last night in Luxembourg, Finance Minister Yanis Varoufakis launched a broadside against the Bank of Greece, accusing it of encouraging liquidity fears in an “astonishing” fashion. Earlier this week, the parliamentary speaker refused to accept the central bank’s annual monetary policy report, which urged a deal with creditors, instead releasing a document arguing that “odious” debts shouldn’t be repaid.